Marshall Islands Trust

Marshall Islands Trust may be created by will or codicil, conduct or oral declaration, the beneficiaries a Marshall Island offshore trust must be non-resident, Required to have at least one trustee who is licensed within the Marshall Islands, local trustee may be a foreign trust that registered locally, a trustee company or a Marshall Island Corporation, duration of 100 years, minimum of two (2) trustees except if only one (1) was appointed, the Trust Company must be appointed as registered agent Employer Trust, established by an employer for the benefit of employees, may involve pension funds, distribution of profits, stock bonuses or disability benefits
Marshall Islands Offshore Trust Key Features

1. May be created by will or codicil, conduct or oral declaration
2. The beneficiaries a Marshall Island offshore trust must be non-resident
3. Required to have at least one trustee who is licensed within the Marshall Islands
4. Local trustee may be a foreign trust that registered locally, a trustee company or a Marshall Island Corporation
5. Duration of 100 years
6. Minimum of two (2) trustees except if only one (1) was appointed
7. The Trust Company must be appointed as registered agent Employer Trust
8. Established by an employer for the benefit of employees
9. May involve pension funds, distribution of profits, stock bonuses or disability benefits

Marshall Islands Offshore Trust Legal Requirements

Marshall Islands Offshore Trust	Corporate Details
General
Type of entity	Offshore Trust
Type of law	Follow English law
Change of Domicile permitted	Yes
Registered Office	Yes
Duration	100 Years
Corporate Officers	Minimum of 2
Restriction on Investment of Trust asset	No
Exchange control	None
Succession	As per Trust Deed
Settlor	Must be non-resident of Marshall Islands
Property	No property situated in Marshall Islands can be part of the Trust asset
Forced heirship applicable	No
Trust asset
Restriction on type/amount	No, except property situated in Marshall Islands
Trustee
Minimum number	1 if corporate and 2 or more if not corporate
Qualification	Minimum one Marshall Islands resident
Accounts
Requirement to file	No
Publicly accessible	No

Marshall Islands Offshore Trust Tax Treatment
Marshall IslandsOffshore Trust is not subject to tax on foreign sourced income.
Marshall Islands Offshore Trust Duration to Set- up
1 -3 Weeks
Marshall Islands Offshore Trust Distinctive Benefits

• Duration of 100 years which can be renewed
• Marshall Islands Offshore Trust is not subject to tax on foreign sourced income.
• There is no forced heirship in Marshall Islands

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